Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Two thinks can make me to get out of this share, the delisting ( in my opinion not the case) and selling above the price which is > 60 p.
Until happens I will remain holding.
About the water ingress I am optimistic because there are a class A companies who are specialists in this work .
Of course it depends of the money giving a company to remedy this think because there are also cheaper companies but with unknown results.
I think the shares in public hands protect the Pope fund and not the inverse.
Because Pope having bought in very high price level- if I am correct >2 gbp - and due to their very small assets it was the only one that has not participated in the regal’s effort -primary- to delist following us in the denial.
OfficerFigby thanks
The below text is extracted from fca rules chapter 9 about the shares in public hands
Where the FCA has modified ¦ LR 6.14.1R to accept a percentage lower than 25% on the basis that the market will operate properly with a lower percentage, but the FCA considers that in practice the market for the shares is not operating properly, the FCA may revoke the modification in accordance with ¦ LR 1.2.1 R (4).
I think the delisting of enw it is not the case .If Novisky had the intention to delist the company he has had many times to proceed with this but not.
Something else is in his mind.Because enw is his “child “ and not gives even one penny to anyone having more than 80%.
I believe that enw never delist from aim .
Florence141414
No becuse it is posible the institutions like Eclairs Group Ltd 47,287,027 shares 27.54% or Bridgewater Holdings Corp. 34,288,253 shares 19.97% or the rest of them as Neptune Invest & Finance Corp , Keyhall Holding Ltd and Interneft Ltd to sell their shares
The last three drils in the SV area :
SV-25 7 months & 10 days 452 boepd
SV-54 7 months & 5 days 565 boepd
SV-59 12 months 154 boepd
avg : 306 boepd
As seen from the above the duration is inversely proportional to the production boepd.
I hope to be wrong though.
AND workovers:
SV-6 Workover 394 boepd
SV-12 Workover 883 boepd
Better situation!
JKX has cash but not has any intention to give a divi
The reason is that accumulating money to make new drills.
The wells are going very soon in deeply depletion.
ENW has understood this very early as seen by moving forward to increase the mcm/day with consumption of profits and acquire new fields like Arcona.
Hi straycat,
according to the last interim results Enwell seems to care to do the job -drills-in Ukraine by spent the earnings to capex.
I don't know how far can go but my question is why they don't take money from the bank - this period the rates are very low- instead of the earnings.
Of course they say that have zero debt but for me as i see this it's not taken in consideration by the market.
For me this thing appears very strange.There is something that we don't know ?
As for the price of the share , it depends on the results of the SV29. A flow, imo, => 1000mcm/day can change the game for the rest of 2021 , otherwise a flow circa 400- 500 mcm/day will have a small or nothing impact to share , as happened always in the past.
Hi straycat,
Enwell having PWC as auditor ,IMO, wants to demonstrate that the financial sheets are accurate and for this reason no use a "second"class auditor.
I don't believe PWC is so naive ... and risk their reputation .
Hi Krok, two observations
you wrote
3) Capex is likely one of the ways to get cash out of the company by the shareholder. Hence, no need for dividend,
BUT the auditor is PriceWaterHouse Coopers one of the big three in the world.
4) Sales do not increase proportionally to the gas prices. All gas is sold via Smart Energy. Probably, another source to get money outside of the company. Even less need for the divi,
BUT JKX sell the gas at $232/MCM instead of Enwell sell at $249/Mm3.